BOB ROELS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BOB ROELS
Largest movements
- Cash +€13,586
up €13,586 (+16.3%), from €83,529 to €97,115
mainly Net result for the year (+€141,561) and Debts after one year (+€54,807)
- Tangible fixed assets -€4,512
down €4,512 (-3.7%), from €122,349 to €117,838
of which Furniture and vehicles: -€2,994
- Other debts -€68,277
down €68,277 (-76.4%), from €89,410 to €21,133
- Debts after one year +€54,807
up €54,807 (+148.1%), from €37,002 to €91,809
- Current portion of long-term debt +€19,412
up €19,412 (+165.9%), from €11,698 to €31,110
- Tax, wage and social debts +€3,586
up €3,586 (+34.0%), from €10,536 to €14,122
- Gross operating margin +€127,328
up €127,328 (+192.1%), from €66,289 to €193,617
- Taxes +€30,384
up €30,384 (+241.9%), from €12,559 to €42,943
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €246,808 | €257,578 | +€10,770 | +4.4% |
| Fixed assets | 21/28 | €122,349 | €117,838 | -€4,512 | -3.7% |
| Tangible fixed assets | 22/27 | €122,349 | €117,838 | -€4,512 | -3.7% |
| Land and buildings | 22 | €106,538 | €103,621 | -€2,918 | -2.7% |
| Plant, machinery and equipment | 23 | €262 | €1,663 | +€1,400 | +533.4% |
| Furniture and vehicles | 24 | €15,548 | €12,555 | -€2,994 | -19.3% |
| Current assets | 29/58 | €124,459 | €139,741 | +€15,282 | +12.3% |
| Amounts receivable within one year | 40/41 | €24,135 | €26,221 | +€2,086 | +8.6% |
| Trade receivables | 40 | €18,695 | €19,663 | +€968 | +5.2% |
| Other amounts receivable | 41 | €5,441 | €6,559 | +€1,118 | +20.5% |
| Current investments | 50/53 | €15,075 | €15,075 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,529 | €97,115 | +€13,586 | +16.3% |
| Deferred charges and accrued income | 490/1 | €1,719 | €1,329 | -€390 | -22.7% |
| Total equity and liabilities | 10/49 | €246,808 | €257,578 | +€10,770 | +4.4% |
| Equity | 10/15 | €96,307 | €96,307 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,707 | €77,707 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,468 | €2,468 | = | 0.0% |
| Distributable reserves | 133 | €75,239 | €75,239 | = | 0.0% |
| Amounts payable | 17/49 | €150,501 | €161,271 | +€10,770 | +7.2% |
| Amounts payable after more than one year | 17 | €37,002 | €91,809 | +€54,807 | +148.1% |
| Financial debts | 170/4 | €37,002 | €91,809 | +€54,807 | +148.1% |
| Amounts payable within one year | 42/48 | €113,438 | €69,455 | -€43,983 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €11,698 | €31,110 | +€19,412 | +165.9% |
| Trade debts | 44 | €1,794 | €3,090 | +€1,296 | +72.2% |
| Suppliers | 440/4 | €1,794 | €3,090 | +€1,296 | +72.2% |
| Taxes, remuneration and social security | 45 | €10,536 | €14,122 | +€3,586 | +34.0% |
| Taxes | 450/3 | €10,536 | €14,122 | +€3,586 | +34.0% |
| Other amounts payable | 47/48 | €89,410 | €21,133 | -€68,277 | -76.4% |
| Accrued charges and deferred income | 492/3 | €60 | €7 | -€53 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,441 | €6,411 | -€30 | -0.5% |
| Other operating charges | 640/8 | €1,433 | €436 | -€997 | -69.6% |
| Gross operating margin | 9900 | €66,289 | €193,617 | +€127,328 | +192.1% |
| Operating profit (loss) | 9901 | €58,414 | €186,769 | +€128,355 | +219.7% |
| Financial income | 75/76B | €444 | €821 | +€377 | +84.9% |
| Recurring financial income | 75 | €444 | €821 | +€377 | +84.9% |
| Financial charges | 65/66B | €2,090 | €3,086 | +€997 | +47.7% |
| Recurring financial charges | 65 | €2,090 | €3,086 | +€997 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €56,769 | €184,504 | +€127,735 | +225.0% |
| Income taxes | 67/77 | €12,559 | €42,943 | +€30,384 | +241.9% |
| Profit (loss) for the period | 9904 | €44,209 | €141,561 | +€97,352 | +220.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,209 | €141,561 | +€97,352 | +220.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.